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EEII AG

euro adhoc: EIC Electricity SA
Distribution of EIC Energy Utility Fund shares to shareholders of EIC Electricity SA will occur on June 20, 2003 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
The investment company EIC Electricity SA informs, that it will
execute the capital reduction as decided by its General Assembly
earlier this year on Friday, June 20. Each shareholder will receive
1.303 shares in the newly founded EIC Energy Utility Fund. On June
12, the net asset value of the fund was CHF 39.78 per share. The
total reduction in nominal value amounts to CHF 79 million.
The reduction in nominal value through the distribution of shares in
the fund will transform EIC Electricity SA into an investment company
specialized in private equity investments. The company has a net
asset value of CHF 28 million. The Board of EIC Electricity SA plans
to announce the future strategy of the company in the course of July.
First trading day of the reduced company will be on June 20. Shares
of the EIC Energy Utility Fund can be redeemed at any time at net
asset value. AIG Private Bank Ltd. is acting as custodian bank and
paying agent and EIC Partners AG is providing the asset management
for the fund.
EIC Electricity is listed on the SWX Swiss Exchange and on the
Frankfurt Securities Exchange (Bloomberg: EIC SW Equity / EIV GR
Equity). The company is specialized in investments in power and heat
generation, transmission, trading and distribution.
For further inquiries please contact: 	
Dominique Candrian, EIC Partners AG, Phone: +41 43 844 10 02.
end of announcement        euro adhoc 18.06.2003

Further inquiry note:

Mr Dominique Candrian, +41-43-844 10 02

Branche: Electricity Production & Distribution
ISIN: CH0007162958
WKN: 940179
Index: Investment Index (IGSP)
Börsen: Frankfurter Wertpapierbörse / official dealing
SWX Swiss Exchange / official dealing

Plus de actualités: EEII AG
Plus de actualités: EEII AG